Mortgage Servicing-Related Civil Penalties Issued

Several orders issued six years ago over servicing and foreclosure abuses have been terminated, while new civil penalties have been issued.

On Friday, the Federal Reserve Board announced the termination of mortgage servicing enforcement actions against 10 banking organizations.

The actions were taken in 2011 and 2012 as a result of deficiencies in their handling of residential loan servicing and foreclosure processing.


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